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World Bank Cuts Forecast for World Economic Growth in 2019

The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report titled “Darkening Skies,” the anti-poverty agency said Tuesday that it expects the world economy to grow 2.9 percent in 2019, …

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Tesla Breaks Ground on Shanghai Factory

Tesla broke ground Monday on a new factory for its electric cars in China, the first of its factories to be located outside the United States. Chief Executive Elon Musk appeared at a ceremony alongside local officials on the outskirts of Shanghai to mark the start of the project. He …

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US Gadget Love Forecast to Grow Despite Trust Issues

The trade group behind the Consumer Electronics Show set to start the Tuesday forecast that US gadget love will grow despite trust and privacy issues hammering the tech world. The Consumer Technology Association (CTA) predicted that US retail revenue in the sector would climb to a record high $398 billion …

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Judge Blocks NYC Law Demanding Airbnb Disclosures

A federal judge says a New York City law forcing Airbnb and HomeAway home-sharing platforms to reveal detailed information about its business seems unconstitutional. Judge Paul Engelmayer on Thursday blocked the law from taking effect on Feb. 2, finding there’s a greater than 50 percent chance the companies would prevail …

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Could Tesla Price Cuts Mean Demand is Slowing?

Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company’s electric cars may be starting to wane. If demand falls, they say, the company will enter a new phase of its business. Like other automakers, …

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